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Coinbase surprisingly lost $667 million in the fourth quarter...
Of course, whether they are profitable or not doesn't matter.
It doesn't affect the CEO's continuous stock sales for cashing out...
On January 5th, the Coinbase CEO sold 40,000 shares at a high point (stock price $254), cashing out $10.16 million.
And now, Coinbase's stock price is only $141.
More importantly, this guy has been selling all along and has never added to his position.
Is he just not optimistic about the crypto space, or does he lack confidence in Coinbase🤔